Steel RSS

  • Demand, nickel drive stainless price hike Mar 17, 2014

    Three of the four major North American stainless steel producers have raised prices on the back of robust demand and rejuvenated nickel prices.

  • Severstal NA names new exec Mar 17, 2014

    Severstal North America Inc. has appointed Anupam Sengupta chief information officer, the company said March 17.

  • Mills, buyers divided on direction of beam tags Mar 17, 2014

    Structural steel mills are trying to reinstate published prices for new beam orders despite many customers doubting the market is ready to accept the full elimination of discounts.

  • AK Steel signs new $1.1B credit facility Mar 17, 2014

    AK Steel Corp. has entered into a new $1.1-billion, five-year revolving credit facility with a group of lenders, the steelmaker said March 17.

  • Northwest Pipe in red for quarter, year Mar 17, 2014

    Northwest Pipe Co. sees challenges continuing after logging further losses as water transmission backlogs remain, in addition to pressure on tubular products from imports and additional domestic capacity.

  • Ontario grants Ivaco loan for upgrade Mar 17, 2014

    Ivaco Rolling Mills LP has received a Canadian $7-million ($6.3-million) loan from the Ontario provincial government to help modernize its facility.

  • US drilling rises, Canada falls Mar 17, 2014

    The number of drill rigs running in the United States increased by 17 last week.

  • CMC reaches settlement in class-action suit Mar 14, 2014

    Commercial Metals Co. (CMC) has reached a settlement that will see the steelmaker pay about $4 million to resolve a class-action lawsuit, the company said March 14.

  • ITC votes to continue wire rod investigation Mar 14, 2014

    A U.S. probe into imports of carbon and certain alloy steel wire rod from China will move forward after the U.S. International Trade Commission (ITC) said March 14 that it found indications of material injury the U.S. industry.

  • Steel sheet prices flat; bottom could be near Mar 14, 2014

    Steel sheet prices may be nearing bottom, industry sources said, but the timing will have to be right for mills to successfully raise tags.

  • Hynes’ Golding set to exit as chief Mar 14, 2014

    Donald R. Golding will step down as president and chief executive officer of Hynes Industries Inc., the company announced March 14.

  • Rebar prices flat for eighth week in row Mar 14, 2014

    U.S. reinforcing bar mills kept prices steady for an eighth consecutive week as of March 14 despite lower ferrous scrap prices and scant demand, market sources said.

  • Commerce sets dumping margins on China innersprings Mar 14, 2014

    In a preliminary determination in an anti-dumping duty administrative review of imports of uncovered innerspring units from China from Feb. 1, 2012, to Jan. 31, 2013, the Commerce Department’s International Trade Administration (ITA) has assigned adverse-facts-available margins of 234.51 percent to Goldon Bedding Manufacturing Sdn Bhd and Ta Cheng Coconut Knitting Co. Ltd.

  • AK Steel hiking stainless items Mar 14, 2014

    AK Steel Corp. is increasing prices on its stainless steel products effective with shipments April 1, the company said March 14.

  • ArcelorMittal's Ind. plant resumes operation Mar 13, 2014

    ArcelorMittal USA LLC’s Indiana Harbor West facility is fully operational after an unidentified issue with one of the mill’s motors, a spokeswoman confirmed.

  • Steelmakers seen benefiting from accord Mar 13, 2014

    Canadian steelmakers could benefit indirectly from a free-trade agreement (FTA) between Canada and South Korea, sources told AMM sister publication Steel First.

  • Commerce sets margins vs. Thai steel threaded rod Mar 13, 2014

    In a final determination in an anti-dumping duty investigation of imports of steel threaded rod from Thailand from April 1, 2012, to March 31, 2013, the U.S. Commerce Department’s International Trade Administration (ITA) has assigned a weighted-average dumping margin of 74.9 percent to Tycoons Worldwide Group (Thailand) Public Co. Ltd.

  • Review of innerspring imports not warranted: CITT Mar 13, 2014

    The Canadian International Trade Tribunal (CITT) has decided not to initiative an expiration review of imports of mattress innersprings from China because it is not warranted, and as a result the Canada Border Services Agency will no longer impose duties effective Nov. 23.

  • Nucor cuts SBQ, wire rod surcharge Mar 13, 2014

    Nucor Corp. is lowering its raw material surcharge for special bar quality (SBQ) products and wire rod to $218 per ton ($10.90 per hundredweight) effective April 1.

  • TMK expects OCTG prices to hold firm Mar 13, 2014

    OAO TMK does not foresee an improvement in oil country tubular goods (OCTG) pricing this year, given the preliminary decision in a U.S. anti-dumping trade case against nine countries, but expects demand to increase due mainly to higher consumption of oil and gas pipe grades.

  • Webco earnings slump 90.5% as challenges persist Mar 13, 2014

    Business conditions remained challenging for tubular products manufacturer and distributor Webco Industries Inc. in its fiscal second quarter.

  • Ky. law may help AK reline Ashland furnace Mar 13, 2014

    Legislation that would extend Kentucky state incentives could help AK Steel Corp. pay for a reline of the blast furnace at its Ashland steelmaking complex.

  • US mills mull trade case vs. coated products Mar 12, 2014

    U.S. steelmakers are considering filing a trade complaint against imports of coated flat-rolled steel products, sources said, heightening concern among buyers and traders sourcing material offshore.

  • Pacific Steel seeks Ch. 11 protection Mar 12, 2014

    A "cavalcade of issues," including a costly labor settlement, combined to prompt Pacific Steel Casting Co. to file for Chapter 11 bankruptcy protection from creditors, according to a company spokeswoman.

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